Protect human rights
Blockchain enforces property rights where political force fails
Valentin Preobrazhenskiy
Human Rights are:
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Nobel Prize 1993, Douglas North
Enforce human rights or people will kill competitors and seize their property instead of making better products and lowering prices.
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Political machines costs quarter of the global economy
Political machines are system of powers defining who shape and enforce the rules for nations.
Their design may vary from civil war, stationary bandit, kleptocracy or to democracy. Most of the democracies are likely to protect the human rights enabling free markets and result in output per capita higher by magnitude.
Most of the democracies evolved to have 4 mechanisms:
2. Independent media
3. Independent courts
4. Independent central bank
Blockchain enforces property rights without the political machines and thus unlock free markets across the world to produce a quadrillion value.
